Major Investment: Trump-Linked Stablecoin in $2B Binance Deal

A UAE-backed fund, MGX, is set to invest $2 billion in Binance using USD1, a stablecoin launched by Donald Trump's World Liberty Financial. The deal, announced at the TOKEN2049 conference in Dubai, positions USD1—fully backed by U.S. Treasuries and cash—as a significant player in the stablecoin market. The Trump family, including Eric and Barron Trump, are actively involved in the project, raising discussions about potential conflicts of interest, especially given Binance's past legal challenges in the U.S.